Q3 - Fiera Capital
... However, interest rates have been driven lower by several global (rather than domestic) factors, specifically the risks associated with “Brexit” implications as well as ultra-stimulative monetary policies from central banks abroad. In turn, the environment of extremely depressed interest rates abroa ...
... However, interest rates have been driven lower by several global (rather than domestic) factors, specifically the risks associated with “Brexit” implications as well as ultra-stimulative monetary policies from central banks abroad. In turn, the environment of extremely depressed interest rates abroa ...
Herding Behavior - Evidence from Portuguese Mutual Funds
... impressive: by the end of 2001, total assets in management by mutual funds amounted to 20 billion euros, 20% of GNP (12% of the Portuguese stock market capitalization) against less than 5% in 1990. Mutual funds are thus important players in the market and their trading accounts for an increasing sha ...
... impressive: by the end of 2001, total assets in management by mutual funds amounted to 20 billion euros, 20% of GNP (12% of the Portuguese stock market capitalization) against less than 5% in 1990. Mutual funds are thus important players in the market and their trading accounts for an increasing sha ...
Market Discipline and Internal Governance in the Mutual Fund Industry
... optimal level of idiosyncratic risk a manager should take? (iii). What are the determinants of fund flows? (iv). Given the mobility of fund investors, what is the optimal manager replacement rule for the fund management company? (v). How do investors react to an observed manager change? How does the ...
... optimal level of idiosyncratic risk a manager should take? (iii). What are the determinants of fund flows? (iv). Given the mobility of fund investors, what is the optimal manager replacement rule for the fund management company? (v). How do investors react to an observed manager change? How does the ...
SCHULMAN A INC - Nasdaq`s INTEL Solutions
... The Company’s color concentrates excel in this market as well, where they are a trusted source for the world’s largest consumer product companies, providing aesthetic solutions for a wide range of bottles, caps and closures. The Company’s masterbatch product offerings play a key role in commercializ ...
... The Company’s color concentrates excel in this market as well, where they are a trusted source for the world’s largest consumer product companies, providing aesthetic solutions for a wide range of bottles, caps and closures. The Company’s masterbatch product offerings play a key role in commercializ ...
The concept of investment efficiency and its application to
... assets. The process can be further refined to add more details. For example, it can be used to determine allocations to alternative asset classes such as real estate, private equity or hedge funds. The resulting asset mix forms the strategic asset allocation. For the avoidance of doubt, this stage i ...
... assets. The process can be further refined to add more details. For example, it can be used to determine allocations to alternative asset classes such as real estate, private equity or hedge funds. The resulting asset mix forms the strategic asset allocation. For the avoidance of doubt, this stage i ...
Eron Mortgage Study
... has no legal responsibility to check the qualifications of investment principals, to disclose who is under investigation, to evaluate the risk of investments, or to recover investors’ money. There is a clear and pressing need to make clear to investors in the private capital markets that they are ess ...
... has no legal responsibility to check the qualifications of investment principals, to disclose who is under investigation, to evaluate the risk of investments, or to recover investors’ money. There is a clear and pressing need to make clear to investors in the private capital markets that they are ess ...
Speculative Equilibrium with Differences in Higher
... have possibly different dogmatic beliefs about the mean of the asset’s payoff, possibly different dogmatic beliefs about the other traders’ beliefs about the mean, possibly different dogmatic beliefs about the other traders’ beliefs about his own group’s beliefs about the mean, and so on up to highe ...
... have possibly different dogmatic beliefs about the mean of the asset’s payoff, possibly different dogmatic beliefs about the other traders’ beliefs about the mean, possibly different dogmatic beliefs about the other traders’ beliefs about his own group’s beliefs about the mean, and so on up to highe ...
SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C.
... many alternatives for enhancing value and adding to the challenge of effectively participating in the global economy. I believe that combining with CEMEX is far and away the best of these," said Clarence C. Comer President and CEO of Southdown. "We recommended this transaction to our board and, with ...
... many alternatives for enhancing value and adding to the challenge of effectively participating in the global economy. I believe that combining with CEMEX is far and away the best of these," said Clarence C. Comer President and CEO of Southdown. "We recommended this transaction to our board and, with ...
Download attachment
... attempted to remove tax penalties for sukuk issuers. Another example, given by Chris Wright (2007), is that in order to increase professional growth with regard to Islamic finance, the government of Malaysia invests in training institutions and prohibits two banks from having the same scholar. From ...
... attempted to remove tax penalties for sukuk issuers. Another example, given by Chris Wright (2007), is that in order to increase professional growth with regard to Islamic finance, the government of Malaysia invests in training institutions and prohibits two banks from having the same scholar. From ...
Template - ESRI Working Papers
... environment is best handled by a specially developed model in the ESRI called ISUS 3. This latter model can be linked to HERMES through feedbacks from the environment to the macro-economy. The growing concerns about the housing market over the course of the last decade also saw the inclusion in HER ...
... environment is best handled by a specially developed model in the ESRI called ISUS 3. This latter model can be linked to HERMES through feedbacks from the environment to the macro-economy. The growing concerns about the housing market over the course of the last decade also saw the inclusion in HER ...
Thesis - Kyiv School of Economics
... to investments, and interest rate differentials. The only independent variables that enter the equation are market returns and foreign market indices. The authors conclude that while US investors have informational disadvantage in the foreign markets (apart from UK), investors from developed and de ...
... to investments, and interest rate differentials. The only independent variables that enter the equation are market returns and foreign market indices. The authors conclude that while US investors have informational disadvantage in the foreign markets (apart from UK), investors from developed and de ...
Future price limits ― Form of control and regulated
... First, we assessed the strength and weaknesses of the price control tools against a broad set of criteria which relate to Ofwat’s objectives for the regulatory regime. Given the price control tools are typically designed with a certain level of contestability or market power in mind they share many ...
... First, we assessed the strength and weaknesses of the price control tools against a broad set of criteria which relate to Ofwat’s objectives for the regulatory regime. Given the price control tools are typically designed with a certain level of contestability or market power in mind they share many ...
Financial Optimization Problems in Life and Pension Insurance
... the chapters represent quite different approaches. In Chapter 3 we work within a traditional setup of life insurance mathematics; in particular we do not consider different investment possibilities. In Chapter 4 we consider a fairly general model that explicitly includes a financial market model, an ...
... the chapters represent quite different approaches. In Chapter 3 we work within a traditional setup of life insurance mathematics; in particular we do not consider different investment possibilities. In Chapter 4 we consider a fairly general model that explicitly includes a financial market model, an ...
Hanmi Pharmaceutical Buy
... and should enter the top five soon. Last year, Hanmi increased its sales force by over 25%, and strengthened direct sales to pharmacies. Hanmi also plans to launch over ten new products annually starting last year. First Generics Strategy—a Strength The first company to develop generics has lower co ...
... and should enter the top five soon. Last year, Hanmi increased its sales force by over 25%, and strengthened direct sales to pharmacies. Hanmi also plans to launch over ten new products annually starting last year. First Generics Strategy—a Strength The first company to develop generics has lower co ...
The Capital Asset Pricing Model
... Thus, according to the CAPM: 1. Only assets with random returns that are positively correlated with the market return earn expected returns above the risk free rate. They must, in order to induce investors to take on more aggregate risk. ...
... Thus, according to the CAPM: 1. Only assets with random returns that are positively correlated with the market return earn expected returns above the risk free rate. They must, in order to induce investors to take on more aggregate risk. ...
Ordering Cost Annual Costs of Carrying Inventory
... • Deterioration – Rots/ Dissipates in Storage/ Limited Shelf Life Carrying/ Holding Costs Expressed as Percentage of Rupee Value of Inventory per Unit of Time (Usually One Year)–Normally 20-35 % Per Year/Higher for Fashion Items ...
... • Deterioration – Rots/ Dissipates in Storage/ Limited Shelf Life Carrying/ Holding Costs Expressed as Percentage of Rupee Value of Inventory per Unit of Time (Usually One Year)–Normally 20-35 % Per Year/Higher for Fashion Items ...
Annual Report 2016 2.9 MB
... This Annual Report contains information about forward-looking statements related to such matters as the Company’s plans, strategies, and business results. These forward-looking statements represent judgments made by the Company based on information available at present and are inherently subject to ...
... This Annual Report contains information about forward-looking statements related to such matters as the Company’s plans, strategies, and business results. These forward-looking statements represent judgments made by the Company based on information available at present and are inherently subject to ...
cm advisors small cap value fund cm advisors fixed income fund
... price sensitivity to changes in interest rates. Conversely, the shorter the maturity, the lower the yield but the greater the price stability. The Advisors Fund will be subject to greater maturity risk to extent it is invested in fixed income securities with longer maturities. This risk may be heig ...
... price sensitivity to changes in interest rates. Conversely, the shorter the maturity, the lower the yield but the greater the price stability. The Advisors Fund will be subject to greater maturity risk to extent it is invested in fixed income securities with longer maturities. This risk may be heig ...
prospectus
... may indicate higher transaction costs and may result in higher taxes when shares of the Fund are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. For the most recent fiscal year, the Fund’s portfolio t ...
... may indicate higher transaction costs and may result in higher taxes when shares of the Fund are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. For the most recent fiscal year, the Fund’s portfolio t ...
Foundations of the Market-Price System
... scarcity/ the fundamental and unique problem of interest to economics, but it also establishes a conceptual framework for most of the remainder of the book (as illustrated in Figure 5 ) . Scarcity is analyzed primarily in terms of the wants-means connection (i.e., the ends-means connection) which co ...
... scarcity/ the fundamental and unique problem of interest to economics, but it also establishes a conceptual framework for most of the remainder of the book (as illustrated in Figure 5 ) . Scarcity is analyzed primarily in terms of the wants-means connection (i.e., the ends-means connection) which co ...
PROXY STATEMENT - People`s United Bank
... accompanying form of proxy, you may cast a vote by telephone or electronically, by following the instructions printed on the proxy card. We will bear the entire cost of soliciting proxies. In addition to the solicitation of proxies by mail, we will request banks, brokers and other record holders to ...
... accompanying form of proxy, you may cast a vote by telephone or electronically, by following the instructions printed on the proxy card. We will bear the entire cost of soliciting proxies. In addition to the solicitation of proxies by mail, we will request banks, brokers and other record holders to ...
Managerial Discretion, Matching and the Market
... Overall, our results suggest that depreciation choices are relatively close to meeting the matching objective, which is reassuring given how the standard is written, but still somewhat aggressive and highly so relative to the value relevance objective. This means that expenses are being delayed in t ...
... Overall, our results suggest that depreciation choices are relatively close to meeting the matching objective, which is reassuring given how the standard is written, but still somewhat aggressive and highly so relative to the value relevance objective. This means that expenses are being delayed in t ...